United Dominion Realty Trust (NYSE:UDR) Price Target Lowered to $38.00 at Royal Bank Of Canada

United Dominion Realty Trust (NYSE:UDR) had its target price trimmed by Royal Bank Of Canada from $40.00 to $38.00 in a report published on Tuesday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Several other analysts also recently commented on the stock. Evercore ISI reduced their price target on shares of United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday. BNP Paribas Exane cut shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $46.00 target price on shares of United Dominion Realty Trust in a research note on Friday, October 17th. UBS Group reduced their target price on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Finally, Piper Sandler reduced their target price on shares of United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.57.

United Dominion Realty Trust Stock Up 1.5%

UDR stock opened at $34.28 on Tuesday. The company has a fifty day moving average price of $36.89 and a 200 day moving average price of $39.31. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.62. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 77.91, a price-to-earnings-growth ratio of 7.76 and a beta of 0.85. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. The firm had revenue of $399.55 million during the quarter. Sell-side analysts expect that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 9th were paid a $0.43 dividend. The ex-dividend date was Thursday, October 9th. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. United Dominion Realty Trust’s dividend payout ratio (DPR) is 390.91%.

Institutional Trading of United Dominion Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its holdings in United Dominion Realty Trust by 4.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust’s stock valued at $1,048,000 after acquiring an additional 989 shares in the last quarter. Penserra Capital Management LLC increased its holdings in United Dominion Realty Trust by 99.8% during the 1st quarter. Penserra Capital Management LLC now owns 31,415 shares of the real estate investment trust’s stock valued at $1,418,000 after acquiring an additional 15,692 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in United Dominion Realty Trust by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 157,724 shares of the real estate investment trust’s stock valued at $7,124,000 after acquiring an additional 16,001 shares in the last quarter. Nomura Holdings Inc. increased its holdings in United Dominion Realty Trust by 67.6% during the 1st quarter. Nomura Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock valued at $3,388,000 after acquiring an additional 30,254 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in United Dominion Realty Trust during the 1st quarter valued at about $301,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

About United Dominion Realty Trust

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.